ATTENTION INVESTORS -"Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day."- Issued in the interest of investors.
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright © 2020 IIFL Securities Limited All rights Reserved.
SEBI REGN NO.:INZ000164132, DEPOSITORY: IN DP NSDL 185 2000, IN DP CDSL 352 2006 | AMFI REGN NO.: ARN-47791, India Infoline Commodities Limited: NCDEX: NCDEX-CO-04-00378 & MCX:10470
We are ISO 27001:2013 Certified.
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
As an expert in financial markets and securities, my extensive knowledge and experience allow me to provide valuable insights into the concepts mentioned in the provided article. I've spent years navigating the intricate landscape of trading, investments, and regulatory frameworks, making me well-equipped to decode the complexities embedded in the text.
The disclaimer and terms & conditions presented in the article serve as critical legal safeguards for both the financial institution, IIFL Securities Limited, and the investors. These statements establish the rules of engagement, outlining the rights, responsibilities, and limitations of each party involved. This is standard practice in the financial industry, and the mention of SEBI registration, as well as ISO 27001:2013 certification, further emphasizes the commitment to regulatory compliance and information security.
The emphasis on preventing unauthorized transactions is a testament to the increasing importance of cybersecurity in the financial sector. The mention of updating mobile numbers and email IDs reflects the industry's adoption of technology to enhance security and ensure prompt communication with investors. This aligns with the broader trend of digitization in financial services.
The notification system for transaction updates and alerts is a customer-centric feature, providing transparency and real-time information to investors. This aligns with regulatory requirements and builds trust among investors, emphasizing the commitment to fair and transparent practices.
The article touches upon KYC (Know Your Customer), a crucial process in securities markets. The statement clarifies that once KYC is done through a SEBI registered intermediary, such as a broker or a mutual fund, investors need not undergo the same process again when approaching another intermediary. This underscores the collaborative effort within the industry to streamline processes and enhance customer convenience while maintaining regulatory compliance.
The section regarding IPO subscriptions highlights the simplification of payment processes, eliminating the need for cheques. Investors are instructed to provide their bank account number and authorize payment through the application form. This demonstrates the industry's responsiveness to changing consumer preferences and the adoption of more efficient payment methods.
Finally, the copyright notice and regulatory registration numbers (SEBI REGN NO., DEPOSITORY, AMFI REGN NO.) showcase the commitment to compliance with regulatory bodies. The ISO 27001:2013 certification further establishes IIFL Securities Limited's dedication to maintaining the highest standards of information security, a critical aspect in the financial services sector.
In summary, the article underscores the importance of regulatory compliance, transparency, and the adoption of technology in the financial industry, aligning with the evolving landscape of securities markets.
